Cimarex Energy Co Company Profile (NYSE:XEC)

Cimarex Energy Co. is an independent oil and gas exploration and production company. The Company operates in exploration and production (E&P) segment. Its operations are located in Oklahoma, Texas and New Mexico. Its E&P activities take place primarily in two areas: the Permian Basin and the Mid-Continent region. Its Permian Basin region encompasses west Texas and southeast New Mexico. Its Mid-Continent region consists of Oklahoma and the Texas Panhandle. As of fiscal year ended December 31, 2016 (fiscal 2016), its activities in the Mid-Continent were focused in the Woodford shale and the Meramec horizon, both in Oklahoma. During fiscal 2016, production from the Mid-Continent averaged 457 millions of cubic feet equivalent (MMcfe) per day, or 47% of total company production. All of the Company's oil and gas assets are located in the United States. As of December 31, 2016, 63% of its total proved reserves were located in the Mid-Continent region and 37% were in the Permian Basin.

What is Cimarex Energy Co's stock symbol?

Cimarex Energy Co trades on the New York Stock Exchange (NYSE) under the ticker symbol "XEC."

How often does Cimarex Energy Co pay dividends? What is the dividend yield for Cimarex Energy Co?

Cimarex Energy Co declared a quarterly dividend on Friday, September 1st. Stockholders of record on Wednesday, November 15th will be paid a dividend of $0.08 per share on Friday, December 1st. This represents a $0.32 annualized dividend and a dividend yield of 0.29%. The ex-dividend date of this dividend is Tuesday, November 14th. View Cimarex Energy Co's Dividend History.

How were Cimarex Energy Co's earnings last quarter?

Cimarex Energy Co (NYSE:XEC) released its earnings results on Tuesday, August, 8th. The company reported $1.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.95 by $0.11. The company earned $456.50 million during the quarter, compared to analysts' expectations of $441.52 million. Cimarex Energy Co had a return on equity of 13.29% and a net margin of 15.64%. The company's revenue was up 52.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.07 earnings per share. View Cimarex Energy Co's Earnings History.

What are analysts saying about Cimarex Energy Co stock?

Here are some recent quotes from research analysts about Cimarex Energy Co stock:

1. UBS AG analysts commented, "XEC's premium relative valuation and a back-half weighted catalyst calendar leave us waiting for a better entry on the stock. While we are big fans of the new growth strategy & see upside to 2018 Street production based on drawdown of the YE17 DUC backlog, we'd first like to see XEC deliver a few quarters of Permian oil growth, ramp up the rig count (given the steep growth this year) and provide some details on 2018 capital allocation to become more constructive on our current estimates. XEC stands out with its enviable long inventory life of top-tier locations in the core of Delaware and Mid-Continent. The 2017 outlook marked a clear shift in strategy from preservation to growth, underscoring quality of its assets in the current oil price environment and management's commitment to pull forward the value of its inventory." (3/23/2017)

3. KLR Group analysts commented, "We are upgrading XEC from Hold to Buy. We are increasing our target price $21 to $174 per share due to ~4% higher oil composition (greater oil composition in the Anadarko Woodford) and higher price realizations. Our '17 production expectation of ~1,086 Mmcfepd is slightly above the midpoint of guidance (1,060-1,100 Mmcfepd). The material increase in value and modest YTD equity depreciation imply ~30% of equity upside, thus meriting an upgrade to Buy." (2/17/2017)

Are investors shorting Cimarex Energy Co?

Cimarex Energy Co saw a increase in short interest in the month of August. As of August 15th, there was short interest totalling 2,284,068 shares, an increase of 59.4% from the July 31st total of 1,433,315 shares. Based on an average daily volume of 1,425,840 shares, the short-interest ratio is presently 1.6 days. Currently, 2.4% of the company's shares are sold short.

Who sold Cimarex Energy Co stock? Who is selling Cimarex Energy Co stock?

Cimarex Energy Co's stock was sold by a variety of institutional investors in the last quarter, including Capital World Investors, Artisan Partners Limited Partnership, Capital Research Global Investors, Mik Capital LLC, Schroder Investment Management Group, Royal Bank of Canada, Wells Fargo & Company MN and Bank of New York Mellon Corp. Company insiders that have sold Cimarex Energy Co stock in the last year include Francis Brian Barron, Harold R Logan Jr, John Lambuth, Joseph R Albi, L Paul Teague, Stephen P Bell and Thomas E Jorden. View Insider Buying and Selling for Cimarex Energy Co.

MarketBeat's community ratings are surveys of what our community members think about Cimarex Energy Co and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.

MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.